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. that's the bold call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the group also expects the u.s. will be a net exporter by 2030, meaning we'll sell more oil than we bring in. right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend is certainly favorable. it's nice to hear we are producing more energy here in america and much greater than the reverse but i have to take reports like this with a grigg grain of salt. we have been hearing about peak energy for a long time, hearing about saudi arabia's reserves for a long time and you have to take it with a haley dose of skepticism, good news then again you have to be a little bit keptic. >> susie: all rig
in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks that are not happy, and we're kind of seeing that in the stock market. >> reporter: but, others say it's not just the disappointment of romney's loss, it's that the fiscal cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as early as next year. >> reporter: still, the best news for equity investors is that the election was decisive. the next few days or weeks will not be dominated by challen
by financial and energy groups. now, after the closing bell, the focus was on cicso systems. the internet gear maker reported its quarterly results late today. and those results were two cents better than estimates. net sales were up from last year, too, and higher than expected. c-s-c-o has been undergoing a restructuring for the past year, managing uncertain demand for its telecommunications equipment's pinched profit margins. the stock was flat before tonight's earnings report. shares were up about 4% in extended hours trading. now, as erika reported earlier, home depot's strong third quarter earnings and optimistic outlook really helped drive buying interest. today's 3.6% rally came on more than double its usual volume, and takes the stock to its highest price since 1999. but the buying interest did not extend to home depot's main rival, lowe's. lowe's shares were essentially unchanged even though volume was slightly heavier than average. home depot wasn't alone in reporting strong earnings. dick's sporting goods boosted full-year outlook after a better than expected quarter. shares added
volume was 757 million shares on the big board; just under 1.9 billion on the nasdaq. the energy sector led the sell- off, down 1.7%. consumer stocks were weak, falling 1.6%. and the tech sector was down another 1.4%. technology has been particular weak in this recent market sell- off. new product launches from apple and microsoft have not been enough to erase worries about consumer and company spending on technology. the sector exchange traded tells the story-- it fell 1.4% today at a three and a half month low. internet networking gear maker cisco systems was among those leading the way lower. it fell 2.2%. cisco is due to report earnings next week, giving investors a peak into its turnaround effort and corporate tech spending. the holiday sales may be starting earlier than ever this year, but some retailers, they've seen investor sales hit their stock prices. kohl's and coach target different types of shoppers, but both suffered stock drops. coach fell 5.3%. coach's business has been helped by its stores in china. a new set of communist leaders are expected to be announced in china i
.e.o. of utility, next era energy on the dividend cliff and how tax hikes on dividends could impact his shareholders. >> tom: finally tonight, after all the billions of dollars spent on the election, those in office now have to work together to solve problems. and that's exactly what lou's been thinking this week. here's author and educator lou heckler. >> i used to tell people that when i ruled the world, everyone would have the same title on their business card: problem solver. isn't that why most of us get paid? a friend of mine asked recently, why is it that so many people just seems to want to argue rather than find an actual solution? good question! i think there might be at least three reasons. inertia: awful lot of people, even though they may argue this, like things just the way they are, even if things are broken. uncertainty: maybe they've been burned a few times or maybe they just hate not knowing the absolute right answer. maybe they have had bosses in the past who have not been very forgiving when mistakes were made. laziness: i feel bad even including this one, but i am
, frankly, the time and energy to devote to trying to catch up. they thought they could lock down this primary nomination by the end of january or early february and what end up happening is they played the sort of extended game of whack-a-mole where a different candidate came up every month and it wasn't until the end of april that they secured the nomination and at that point the romney campaign was pretty much broke. his image was battered by the nominating battle where he lurched to the right on a number of issues and he was in a bad position to take on the obama machine. they began to try to assemble a ground game and started raising money but even up until the end of the election this month, they didn't catch up displood in just a very little time we have left, carol leigh what, would you say the obama folks said made the difference? the front-end spending that allowed them to soften romney up ahead of going into the republican convention, and they caught some breaks, too. if you remember, romney's 47% tape came right after the moment and underscored-- the argument they were
, members of the house energy and commerce committee had their first chance to question the f.d.a. lawmakers wanted to know how the f.d.a. knew of problems at the pharmacy as early as 2002 but took no action. the agency later issued a warning letter in 2006 but again no tougher action was taken, either. >> after a tragedy like this, the first question we all ask is: could this have been prevented? after an examination of the documents produced by the massachusetts board of pharmacy and the f.d.a., the answer here appears to be yes. >> reporter: some experts contend the f.d.a. already has the authority to regulate large compounding pharmacies. but in her first public remarks today, f.d.a. commissioner dr. peggy hamburg said her agency needs more power. dr. hamburg proposed a two-tier system where smaller, more traditional pharmacies are regulated by the state. larger pharmacies of all kinds would be overseen by the f.d.a. >> the fact that we have unclear, limited and contested authorities and ambiguities in the law, and a crazy quilt of legal authority has required us to be very reactive, res
Search Results 0 to 6 of about 7

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